Pegasystems Profit Falls Amid Revenue Growth, Misses Estimate - Quick Facts

(RTTNews) - Software company Pegasystems Inc (PEGA) Tuesday reported second-quarter net earnings of $1.5 million or $0.02 per share, compared with $4.7 million or $0.06 per share last year.

Excluding items, adjusted earnings for the quarter were $0.10 per share.

Revenue for the quarter was up 22% at $143 million, compared with $117.3 million in the prior year.

Analysts polled by Thomson Reuters projected earnings of $0.13 per share on revenue of $132.8 million for the quarter. Analysts' estimates typically exclude special items.

For fiscal year 2014, the company continues to expect adjusted earnings of $0.78 per share and is hoping to exceed its earlier provided adjusted revenue guidance of about $580 million.

Analysts project earnings of $0.81 per share on revenue of $589 million for the year.

Cambridge, Massachusetts-based Pegasystems develops software to automate complex, changing business processes.